From a Borrower's Perspective,all Else the Same,a Longer-Term Loan

question 79

Multiple Choice

From a borrower's perspective,all else the same,a longer-term loan

• A)costs more in interest.
• B)increases the size of monthly payments.
• C)decreases the size of monthly payments so costs less in interest.
• D)is most cost effective in the long run.

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Definitions:

Paraphilic Disorder

A disorder characterized by sexual arousal to objects, situations, or individuals that are not part of normative stimulation and that may cause distress or impairment to the individual or harm to others.

American Psychiatric Association

A major professional organization of psychiatrists in the United States, focused on mental health advocacy and education.

Environmental Force

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's ability to operate effectively.

Communicate

To convey information or express thoughts and ideas clearly to someone else through speech, writing, or other forms of media.